Much to the joy of Irish pig producers the World Trade Organization (WTO) has declared the Russian import ban on live pigs, fresh pork and other pig products illegal. Russia
Tag "Russia"
Following eighteen years of complex negotiations, Russia has become a member of the World Trade Organisation (WTO). This long-awaited moment marks the entry of the last remaining large non-WTO economy
Carlsberg Group has reported a 2.8% rise in revenue to DKr12.9 billon (Eur1.7 billion) but operating profit declined by 43% to DKr574 million for its first quarter as volumes falls in Russia,
Abrau Durso, the largest sparking wine producer in Russia, has been floated on the Russian stock exchange. The IPO is expected to raise $15 million for a 15% stake by
Baltika Breweries has filed an application to have its shares delisted from the Russian stock exchange as soon as possible. The delisting reflects Carlsberg Group’s aim to increase its ownership
Carlsberg Group intends acquiring the remaining 15% stake in its Russian subsidiary, Baltika Breweries, for up to DKr6.5 billion (Eur870 million). The move will involve a delisting of Baltika. The
Olam International, a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, has formed a partnership with the Russian Dairy Company (RUSMOLCO) for the large
Bonduelle Group, the world leader in processed vegetables, has concluded negotiations regarding the acquisition of the agro-industrial and commercial assets of French co-operative CECAB in Russia and in the countries
Arla Foods has taken another significant strategic step into Russia by agreeing a joint venture for the production of yellow cheese with Molvest Group, the country’s third largest dairy company.
World grain production fell, exacerbating a global food situation already plagued by rising prices, according to new research published by the Worldwatch Institute. Despite record rice and maize yields around
Kraft Foods plans to invest $100 million to more than double the capacity of its coffee production plant at Gorelovo in the Leningrad region of Russia. Kraft Foods, which owns
Nestle has completed a SFr240 million (Eur195 million) expansion of its soluble coffee factory in Timashevsk, Russia. Located in the Krasnodar region, the site is Nestle’s largest soluble coffee factory
Unilever is expanding its presence in Russia and enhancing its personal care portfolio with the acquisition of 82% of Concern Kalina, the leading Russian beauty company. The transaction, which is
The Coca-Cola Company and its bottling partner, Coca-Cola Hellenic, have announced a new Russian investment programme of $3 billion over the next five years, commencing 2012. The announcement was made
Nestle will invest more than SFr38 million (Eur33m) to double pet food production at its Purina PetCare factory in Russia’s Kaluga region. The investment in the new manufacturing building at
The continuing decline in beer consumption in Russia, Carlsberg’s largest market, has impacted the Danish brewer’s financial performance in the first half ended June 30th 2011 and forced a review
Reflecting solid performances across all its business categories and geographical regions, Danone increased consolidated sales by16.3% to Eur9.73b in the first half of 2011 and trading operating income by 6.9%
Cherkizovo Group, one of Russia’s leading integrated and diversified meat producers, has commenced operations at the meat processing plant in the Kaliningrad region, which it acquired in 2010. The first
Heineken has commenced the brewing of its Amstel brand at its St Petersburg brewery in Russia. Heineken is reported to be aiming to capture a 1% share of the Russian
Cargill, the global food, agricultural, financial and industrial products and services group, has further expanded its presence in Russia by opening a new animal feed facility in Efremov. The facility has
PepsiCo’s Frito-Lay manufacturing facility in Azov, Russia, has been officially awarded LEED Silver by the US Green Building Council (USGBC). The manufacturing facility is the first site in PepsiCo’s European
Moscow Brewing Company has signed a 20-year deal with Kirin Holdings of Japan for the licensed production of Kirin Ichiban beer in Russia. The brand will be produced at the
The European Bank for Reconstruction and Development has invested Eur10m to acquire a minority stake in Hlebprom, a leading Russian
Global brewer SABMiller has reported that its lager volume in Europe declined by 3% in the 12 months to March
Moscow-based Rusagro, the Russian sugar, pork and agribusiness group, is seeking to raise $30m through an initial public offering of
Finnish meat processor Atria is launching an efficiency improvement programme to achieve annual savings of approximately Eur4m at it production
Austrian group Agrana is to invest Eur27.6m to expand its Russian fruit preparation plant at Serpuchov over the next five
Norway-based Orkla Brands has decided to merge its Russian chocolate and confectionery companies – Krupskaya and SladCo – into one
Reflecting a highly challenging year in Russia, its largest market, Carlsberg increased net revenue by 1% to DKr60.05b (Eur8.0b) and
Tony Maher, chief executive of Wimm-Bill-Dann Foods, will leave the Russian dairy and food group on May 1st 2011. His
With all of its divisions and regions posting gains, global food and beverages group Danone achieved a 14.2% rise in
Driven by gains across its worldwide snacks and beverage businesses, and from the acquisitions of its anchor bottlers earlier in
PepsiCo has received Russian regulatory clearance for its acquisition of 66% of Wimm-Bill-Dann Foods, Russia’s leading branded food and beverage
Sales at Roshen Confectionery, the Ukrainian confectionery manufacturer, surged by 32% to exceed $1b during 2010. Production volumes rose by
Baltic Beverages Holding, Carlsberg Group’s brewing business in Russia, Ukraine and the Baltic countries, has, through a series of transactions,
Wimm-Bill-Dann Foods, the largest manufacturer of dairy products and a leading producer of juices and beverages in Russia, is continuing
Nestle is reported to have sold its Altai Confectionery business in Russia to local private company Corminus Enterprises for an
PepsiCo is acquiring a 66% stake in Wimm-Bill-Dann Foods, Russia’s leading branded food and beverages company, for $3.8b, pending the
Danone and Unimilk have completed the merger of their fresh dairy products businesses in Russia and other CIS member countries.
Dairy company Milkiland, which operates in the Ukraine and Russia but is registered in the Netherlands, has commenced its public
Dairy company Milkiland, which operates in the Ukraine and Russia but is registered in the Netherlands, is seeking to raise
Having recently unveiled plans to invest $140m to build its tenth plant in Russia as part of a $1b investment
Danone has finalised the sale of its 18.4% stake in Wimm Bill Dann Foods, the Russian dairy and food group
Global soft drinks and snacks giant PepsiCo plans to invest $140m to build its tenth plant in Russia. The new
Roshen, the Ukrainian confectionery manufacturer, plans to invest $250m in building a new production complex near by Cosyrevka town in
Italian drinks producer Gruppo Campari is acquiring the Carolans, Frangelico and Irish Mist brands from William Grant & Sons, the
Nestle is creating a new service centre in Ukraine to facilitate its continued expansion in the emerging markets of Central
Emerging markets such as China, India, Indonesia, Latin America and Russia are expected to deliver at least 20% of Heinz’s
Increased prices in the global market, rising foreign exchange rates as well as strict control of costs have allowed Scandinavian
Russian dairy, food and beverages group Wimm-Bill-Dann Foods increased net income by 7.1% year-on-year to US$69.5m on revenue up 17.1%
To consolidate its operations in the Russian and Eurasia region, Nestle has opened two premium chocolate production lines. Creating 149
A stronger second half performance has helped global alcoholic drinks giant Diageo to increase reported operating profit by 6.5% to
Despite the continued adverse economic climate and the significant excise tax increase in Russia, one of its key markets, Efes
Synergy, one of the leading distilled spirits producers in Russia, has signed distribution agreements for exports of Beluga vodka to
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